Hartford Moderately Aggressive Allocation Fund-A
HRAAX
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- Hartford Moderately Aggressive Allocation Fund-A (HRAAX) is an open-end mutual fund that seeks long-term capital appreciation through a fund-of-funds structure investing primarily in underlying equity and fixed income mutual funds and ETFs managed by Hartford Funds Management Company, LLC. The fund targets an allocation of approximately 65%-95% to equity components, including U.S. stocks (around 54%), non-U.S. stocks (around 28%), and 5%-35% to fixed income components such as U.S. bonds (around 12%) and non-U.S. bonds (around 2%), with current holdings led by Hartford Core Equity Fund (21%), Hartford Large Cap Growth ETF (11%), Hartford Equity Income Fund (10%), Hartford International Opportunities Fund (8%), and Hartford Multifactor Developed Markets (ex-US) ETF (6%); additional key holdings encompass Hartford World Bond Fund, Hartford US Quality Growth ETF, Hartford Schroders International Contrarian Value Fund, and Hartford Strategic Income ETF. It operates within the global moderately aggressive allocation category, emphasizing large-cap blend equities, mid-credit quality bonds with moderate interest-rate sensitivity, and sector exposures including technology (20%), financial services (14%), industrials (9%), communication services (8%), and consumer cyclical (8%). Launched on May 28, 2004, and domiciled in the United States, HRAAX is available for sale to U.S. investors with a minimum initial investment of $2,000, a net expense ratio of 1.06%, and a front-end load of 5.50%; it is managed by a team including Vernon Meyer (since 2014), Allison Mortensen (since 2015), and James Glendon (since 2022). The fund is offered by Hartford Funds, headquartered in Wayne, Pennsylvania, a subsidiary of The Hartford Financial Services Group, Inc., which was founded in 1996 and manages over $146 billion in assets with global operations supported by partners such as Wellington Management and Schroders. Recent developments include a semi-annual dividend payout of $0.25 per share declared with an ex-dividend date of December 30, 2024, and Q3 2025 commentary highlighting mixed trade policy impacts such as new tariffs on timber and lumber alongside incremental progress in broader negotiations, prompting portfolio adjustments amid market conditions. As of late 2025, the fund maintains total net assets of approximately $566 million, with the Class A share class at $526 million, reflecting year-to-date returns around 16-17% and five-year annualized returns of about 9-10%. No major acquisitions, partnerships, or structural reorganizations specific to HRAAX were reported in the last 1-2 years, with ongoing emphasis on proprietary research from sub-advisers Wellington and Schroders to navigate economic and market shifts.